Market Overview:
The global light management system market is expected to grow from USD 1.02 billion in 2018 to USD 2.48 billion by 2030, at a CAGR of 11.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for energy-efficient lighting systems and rising awareness about the benefits of light management systems among end users. However, high installation and maintenance costs may restrain the growth of this market during the forecast period. Based on type, the global light management system market is segmented into hardware equipment and software system segments.
Product Definition:
A light management system (LMS) is a computer-controlled system that manages the amount of light emitted from a lighting fixture. LMS systems are used in commercial and industrial settings to control energy usage, improve safety, and enhance the appearance of a space.
Hardware Equipment:
Hardware equipment is used in light management system to perform specific tasks. It helps in measuring and controlling the intensity of light, for example, a camera can measure the brightness of a room whereas an optical sensor can be used to detect motion. Hardware equipment finds its application in various sectors such as security surveillance, retail lighting etc.
The global hardware equipment market size was valued at USD 4.86 billion in 2016.
Software System:
Software system is used in light management systems to record and manage data. It helps in controlling, observing, measuring and analyzing the performance of lighting solutions. Software system has various applications such as traffic signal control, building automation & energy management along with street lighting solution which is used for enhancing the safety factor at night time.
Growing demand for LED lights coupled with increasing adoption of software based LMS by various cities across the globe is expected to drive market growth over the forecast period from 2015 to 2022.
Application Insights:
The commercial application segment accounted for the largest share of over 60.0% in 2017 and is projected to witness significant growth over the forecast period. Increasing construction activities in commercial buildings, hotels, shopping malls and others are expected to drive the demand for LED lighting systems across this sector.
Light-emitting diodes have several advantages such as they consume less power, are more durable than other forms of lighting technology and offer better illumination at a lower cost which makes them suitable for use in various applications including smart homes, municipal & industrial infrastructure development projects along with advertising displays & billboards.
The smart home application segment is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to increasing adoption by end users especially in North America.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to increasing demand for automation and technological advancements. The growing adoption of LGMS in the commercial sector is also likely to drive regional growth. Europe accounted for a major share in 2016, attributed by high penetration of smart homes and rising demand for connected devices. Asia Pacific region is projected to register considerable growth over the forecast period due to increasing investments from governments & private companies as well as favorable regulatory framework encouraging innovation across various sectors including energy consumption reduction, water conservation, carbon emission reduction among others.
Asia Pacific was followed by Latin America which accounted for around 20% of global LGMS market revenue share in 2016 owing its low penetration rate compared with other regions such as North America.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of light management systems
- Growing number of commercial and industrial establishments worldwide
- Proliferation of smart lighting technologies and platforms
- Stringent government regulations promoting energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Management System Market Research Report
By Type
Hardware Equipment, Software System
By Application
Smart Homes, Commercial, Industrial, Municipal
By Companies
Schneider Electric, ABB, Eaton, Siemens, Philips Lighting, Osram, GE, Legrand, Acuity, Lutron, Honeywell, Zumtobel Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Light Management System Market Report Segments:
The global Light Management System market is segmented on the basis of:
Types
Hardware Equipment, Software System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Homes, Commercial, Industrial, Municipal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schneider Electric
- ABB
- Eaton
- Siemens
- Philips Lighting
- Osram
- GE
- Legrand
- Acuity
- Lutron
- Honeywell
- Zumtobel Group
Highlights of The Light Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware Equipment
- Software System
- By Application:
- Smart Homes
- Commercial
- Industrial
- Municipal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A light management system (LMS) is a set of controls and procedures used to manage the use of artificial lighting in an organization. It may include guidelines for when, where, and how lights should be used, as well as measures to ensure that lights do not create glare or disrupt sleep patterns.
Some of the key players operating in the light management system market are Schneider Electric, ABB, Eaton, Siemens, Philips Lighting, Osram, GE, Legrand, Acuity, Lutron, Honeywell, Zumtobel Group.
The light management system market is expected to grow at a compound annual growth rate of 11.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Management System Market Size & Forecast, 2020-2028
4.5.1 Light Management System Market Size and Y-o-Y Growth
4.5.2 Light Management System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardware Equipment
5.2.2 Software System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Smart Homes
6.2.2 Commercial
6.2.3 Industrial
6.2.4 Municipal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardware Equipment
9.6.2 Software System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Smart Homes
9.10.2 Commercial
9.10.3 Industrial
9.10.4 Municipal
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardware Equipment
10.6.2 Software System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Smart Homes
10.10.2 Commercial
10.10.3 Industrial
10.10.4 Municipal
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardware Equipment
11.6.2 Software System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Smart Homes
11.10.2 Commercial
11.10.3 Industrial
11.10.4 Municipal
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardware Equipment
12.6.2 Software System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Smart Homes
12.10.2 Commercial
12.10.3 Industrial
12.10.4 Municipal
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardware Equipment
13.6.2 Software System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Smart Homes
13.10.2 Commercial
13.10.3 Industrial
13.10.4 Municipal
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Management System Market: Competitive Dashboard
14.2 Global Light Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schneider Electric
14.3.2 ABB
14.3.3 Eaton
14.3.4 Siemens
14.3.5 Philips Lighting
14.3.6 Osram
14.3.7 GE
14.3.8 Legrand
14.3.9 Acuity
14.3.10 Lutron
14.3.11 Honeywell
14.3.12 Zumtobel Group
